UBS Group Forecasts Strong Price Appreciation for Petco Health and Wellness (NASDAQ:WOOF) Stock

Petco Health and Wellness (NASDAQ:WOOF) had its price objective boosted by research analysts at UBS Group from $3.50 to $4.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 18.38% from the stock’s current price.

WOOF has been the subject of several other research reports. Jefferies Financial Group upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating and upped their price target for the stock from $4.05 to $5.00 in a research note on Thursday. Citigroup upped their price objective on shares of Petco Health and Wellness from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday. Evercore reduced their target price on shares of Petco Health and Wellness from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Petco Health and Wellness in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.10.

Petco Health and Wellness Stock Performance

Petco Health and Wellness stock traded down $0.24 during midday trading on Monday, hitting $3.38. 5,170,745 shares of the company’s stock were exchanged, compared to its average volume of 2,638,063. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.38 and a current ratio of 0.90. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 112.63 and a beta of 1.75. Petco Health and Wellness has a 12-month low of $2.24 and a 12-month high of $4.51. The firm’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $3.10.

Petco Health and Wellness (NASDAQ:WOOF) last announced its earnings results on Wednesday, March 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Petco Health and Wellness had a return on equity of 0.89% and a net margin of 0.15%.Petco Health and Wellness’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) EPS. Equities research analysts predict that Petco Health and Wellness will post -0.22 EPS for the current year.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. acquired a new position in shares of Petco Health and Wellness during the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Petco Health and Wellness by 425.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,523 shares of the company’s stock worth $30,000 after buying an additional 8,519 shares in the last quarter. Abel Hall LLC acquired a new position in Petco Health and Wellness during the fourth quarter worth about $31,000. Cibc World Market Inc. purchased a new position in Petco Health and Wellness in the fourth quarter valued at about $32,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at approximately $34,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc (NASDAQ: WOOF) is a leading U.S. pet specialty retailer focused on delivering products, services and solutions that improve the health and well-being of pets. The company operates a network of retail locations that provide high-quality pet food, supplies and accessories, along with a growing digital platform that supports online ordering, subscription delivery and telehealth consultations for pets.

In addition to its retail offerings, Petco has built a full suite of in-store and virtual services, including grooming, training, dog daycare and veterinary care.